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Throstur Olaf Sigurjonsson, PhD Associate Professor, School of Business
Reykjavík University / Copenhagen Business School E-mail: [email protected] E-mail: [email protected] Web: www.ru.is/throstur
Menntavegur 1 / Porcelænshaven 24 IS-101 Reykjavík / DK-2000 F
Iceland / Denmark
Tel IS: 354 5996200 Tel DK: 45 38153815
Research Interest Includes Corporate Governance, Corporate and Business Strategy, Corporate Restructuring and Network Analysis. Education 09/2011 PhD, Copenhagen Business School, Denmark. 06/2000 MBA, IESE, Barcelona, Spain. 06/1996 BA Philosophy, University of Iceland, Reykjavik, Iceland. 06/1994 Cand. Oecon., University of Iceland, Reykjavik, Iceland. Research Experience 11/2012-08/2013 05/2013- 09/2012- 01/2005-2012
Sabbatical at University of Queensland Business School, Australia Associate Professor, Copenhagen Business School. Associate Professor, School of Business, Reykjavik University. Assistant Professor, School of Business, Reykjavik University.
01/2007-2011 Dir. of the Research Institute Public Private Partnership, Reykjavík Univ. 05/2003-12/2004 Adjunct, Reykjavík University. Industry Experience 01/2005- 01/2001-12/2004
Management Consulting along faculty positions. KPMG, Reykjavik, Iceland, Senior Management Consultant.
04/2000-02/2001 PWC, Copenhagen, Denmark, Senior Management Consultant. 01/1996-08/1998 Shell Oil International, Business Development Specialist, Reykjavik, Iceland. Teaching Experience 08/2003- Taught over 50 courses at graduate and undergraduate levels on strategic
management, corporate restructuring, analyzing business problems, career management, marketing strategy and more.
International Research Collaboration Member of the Nordic Corporate Governance Network, 2010-, a group of Nordic researchers within the field of Corporate Governance. Research fellow 2007-, within the Nordic Centre for Corporate Responsibility. Research cooperation of five Nordic Universities on CSR; Reykjavik University (IS), CBS (DK), The Norwegian School of Management, (NO), Helsinki School of Economics (FI) and Stockholm School of Economics (SE).
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Reviewed Publications Sigurjonsson, T.O. (2013). The Role of Business Schools in Ethics Education in Iceland: The Managers’ Perspective. Journal of Business Ethics. (Forthcoming) Sigurjonsson, T.O. (2013). The Nordic Model Gone Ashtray? In A. Midtun (Ed.), The Nordic Model: Is it Sustainable and Exportable? (Forthcoming). Mixa, W. M. and Sigurjonsson, T.O. (2013). Lessons not Learned – Iceland’s Financial Crisis Compared to the Nordic Countries. In Hawthorne, C.A. (Ed.), Financial Crises: Identification, Forecasting and Effects on Transition Economies. New York, USA, Nova Science Publishers, Inc. Sigurjonsson, T.O., and Arnardottir, A.A. (2012). Privatization in a Nordic Country – the case of Iceland. Organization and Management Scientific Quarterly, 1(17), 135-154. Vaiman, V., and Sigurjonsson, T.O. (2011). Rethinking Ethics Education in Business Schools in the Post-Financial Crisis Epoch: An Icelandic Perspective. In A. Stachowicz Stanusch and Charles Wankel (Eds.), Handbook of Research on Teaching Ethics in Business and Management Education. New York, USA (344-358), Information Science Reference. Sigurjonsson, T.O. and Arnardottir, A.A. (2011). Viðbrögð tengslanets við gagnrýni á fjármálastöðugleika Íslands [Criticism on Financial Stability in Iceland and the Reaction of Defensive Networks]. Tímarit um stjórnmál og stjórnsýslu [Journal of Politics and Public Policy], 1(7), 164-186. University of Iceland. Sigurjonsson, T.O. and Arnardottir, A.A. (2011). Rekstur einkavæddra fyrirtækja á Íslandi [The Operation of Icelandic Privatized Firms]. Tímarit um viðskipti og efnahagsmál. [Icelandic Journal of Business and Economics], 8(1). University of Iceland. Sigurjonsson, T.O. and Mixa, W.M. (2011) Learning from the „Worst Behaved“. Iceland‘s Financial Crisis and Nordic Comparison. Thunderbird International Business Review, 53(2), 209-224. Vaiman, V., Sigurjonsson, T.O., and Davídsson, P. (2011). Weak Business Culture as Antecedents of Economic Crisis: The Case of Iceland. Journal of Business Ethics, 98(2), 67-83. Mixa, W.M., and Sigurjonsson, T.O. (2010). Áfram á rauðu ljósi – Fjármálahrunið á Íslandi og reynsla Norðurlandanna Íslandi [Against a Red Light – The Financial Crisis in Iceland and the Nordic Countries’ Experience]. Tímarit um viðskipti og efnahagsmál [Icelandic Journal of Business and Economics], 7(1), 21-40. Vaiman, V., Davídsson, P. and Sigurjonsson, T.O. (2010) Revising a Concept of Corruption as a Result of the Global Economic Crisis – The Case of Iceland. In A. Stachowicz Stanusch (Ed.), Organizational Immunity to Corruption. Building Theoretical and Research Foundations. Katowice, Poland (363-372), The Katowice Branch of the Polish Academy of Science. Sigurjonsson, T.O. (2010) Privatization and Deregulation: A Chronology of Events. In R.Z. Aliber and G. Zoega (Eds.), Preludes to the Icelandic Financial Crisis. London, UK (26-40), Palgrave Macmillan.
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Peer-reviewed Conference Proceedings Sigurjonsson, T.O., Arnardottir, A.A., Vaiman, V. and Rikhardsson, P. (2013). Managers’ perception of the role of business schools in ethics education. 22nd Nordic Academy of Management Conference, University of Iceland, August 21-23 2013. Rikhardsson, P., Sigurjonsson, T.O. and Arnardottir, A.A. (2013). Strategy archetypes adopted by Icelandic Companies, their fit with performance measures and effects on financial performance. 22nd Nordic Academy of Management Conference, University of Iceland, August 21-23 2013. Arnardottir, A.A., Hreinsson, S. and Sigurjonsson, T.O. (2013) Work and family balance among Icelandic employees with young children. 22nd Nordic Academy of Management Conference, University of Iceland, August 21-23 2013. Sigurjonsson, T.O. (2011). The effect of defensive social networks on policy discourse. Nordic Corporate Governance Network, Conference Helsinki May 4-6 2011. Sigurjonsson, T.O. and Vaiman, V. (2011). The Role of Business Schools in Ethics Education: Evidence from Iceland. The 18th Annual International Conference Promoting Business Ethics, October 26-28, 2011 - St. Johns University. Research Seminars Governance Issues and the 2008 Financial Crisis. Bond University, Queensland, Australia, Research Seminar June 14, 2013. Against a Red Light – the Financial Crisis in Iceland and a Nordic Comparison, Reykjavik University, School of Business Research Seminar, January 19, 2011. The Loss of Governance as a Control Mechanism, Reykjavik University, School of Business Research Seminar, 1. Dec, 2010 Research Activity On Unstable Structures - Constructing ‘financial stability’ in Iceland, 2006, Copenhagen Business School Research seminar, April 10, 2010 Constructing Financial Stability in Iceland 2006, Reykjavik University, School of Business Research Seminar, 12. April 2010 Other Publication and Research Activity Sigurjonsson, T., (2008). Einkavæðing, frumkvæði og áhættusækni - einkavæðing íslensku bankanna (e. Privatization, Initiative and Risk Taking – the Privatization of the Icelandic Banks). Research in Social Science, IXI. Reykjavik: University Publishing. Sigurjonsson, T., and Davidsson, P., (2008). Samfélagsábyrg nýsköpun íslenskra frumkvöðla (e. CSR of Icelandic Entrepreneurs). Research in Social Science, IXI. Reykjavik: University Publishing.
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Hockerts, K, Morsing, M., Hansen, J.E., Midttun, A., Halme, M., Sweet, S., Davidsson, P., Sigurjónsson, T. CSR-Driven Innovation, Towards the Social Purpose Business (2008). Copenhagen Business School. Sigurjonsson, T, (2007). The Icelandic Privatization. Research in Social Science VIII, pp. 531-545. Reykjavik: University Publishing. Case Writing 2011; Straumur Bank: The Forever Changing Landscape (A, B and C), with Professor Ahmad Rahnema, IESE, Barcelona, Spain and Jordan Mitchell. 2009; Teymi and Iceland’s Currency Devaluation, with Professor Ahmad Rahnema, IESE, Barcelona, Spain and Jordan Mitchell.
Review work.
Ad hoc reviewer for European Journal of International Management (EJIM), EIBA 2011 Conference,
Management Education for Integrity, Journal of World Business, RANNÍS (The Icelandic Research Fund).
Service for Reykjavik University and Local Service Board member of Reykjavik Chess Club, 05/2013-. Board member of Reykjavik Universities Academics FTK, 05/2013-. Member of Faculty Council of the School of Business, Reykjavík University, 08/2006-. Member of the MBA Board, School of Business, Reykjavik University, 04/2005-2012. CEO of Hugmyndahusid (RU’s cooperation with the Art University of Iceland) since the foundation of the subsidiary 04/2009 – 01/2010. Responsible for finance and administration. From 01/2010 – 04/2011 RU’s representative for Hugmyndahusid. Designed and developed the School of Business’s internship program (01/2008-09/2009). Have been responsible and operated the internship since 09/2009. Designed and developed four partnerships with industry in terms of sponsorship of “chairs”: KPMG Chair of Accounting, Deloitte Chair of Accounting, Nova Chair of Marketing, IFS Chair of Finance and Islandsbanki/Glitnir Chair of Human Resource Management. Collected about 75m ISK for School of Business because of these partnerships and Institute of Private Public Partnership. School of Business representative at “One University”; RU’s program for achieving more integration
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cross schools’ activities. Chairman of Icelandic Federation of Economists and Business Educated People, 05/2006-05/2008. Vice Chairman of Icelandic Federation of Economists and Business Educated People, 05/2004-05/2006. Editor of Hagur, Journal of the Icelandic Federation of Economists and Business Educated People, 05/2004-05/2006. Summer Venture FRÆ. A project from rector’s office focusing on assisting third industry institutions and students during difficult job market. Sustainability Venture with Professor Christian Seelos on evaluating feasibility of joint venture with industry supporting a new research Centre with focus on sustainability. Teaching for Open University at Reykjavik University in its executive education programs from 2005-. Research related funding Name: Boards´ members‘ Networks and Corporate Governance Issues (2013). Goal: To map networks of IS board members. Research assistant sponsored by the Directorate of Labor. Fund: Research sponsored by Directorate of Labor, 200.000 ISK. Name: Business Ethics in Iceland and the Business Schools‘ Role Therein (2013). Goal: Explore the „Demand side“ of Business Ethics Education in Iceland. Fund: Research sponsored by FESTA, 250.000 ISK. Name: Deloitte Chair of Accounting (2012-). Goal: To strengthen research and teaching within accounting. Fund: Sponsoring a position of adjunct professor in accounting. Name: IFS Chair of Finance (2012- ). Goal: To strengthen research and teaching within finance. Fund: Sponsoring a position of assistant professor in finance. Name: The 4th Nordic Corporate Governance Network Conference (2012), at RU June 15, 2012. Fund: Raised 2.5m ISK for future research within Corporate Governance. Name: Situational Analysis of Boards and Networks (2010). Goal: To map networks of IS board members. Research assistant sponsored by the Directorate of Labor. Fund: 250.000 ISK. Name: KPMG Chair of Accounting (2007-). Goal: In cooperation with KPMG to strengthen research and teaching within accounting. Fund: Sponsoring a position of adjunct professorship in accounting. Name: Glitnir Chair of People and Culture (2006-2007). Goal: To strengthen research and teaching within HRM. Fund: 22M ISK.
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Name: NOVA Chair of Marketing (2007-2009). Goal: To strengthen research and teaching within marketing. Fund: Sponsoring a position of associate professor in marketing. Name: Public-Private-Partnership Research Centre (2005-2007). Goal: To create a foundation for research and discussion on the subject of PPP. Fund: 20m ISK. Industrial Projects 2012 SS (largest food processor in Iceland). Consulting on strategic and operational issues.
Reykjagardur (largest processor in chicken in Iceland). Consulting on strategic and operational issues, with emphasize on structures and processes.
VR (largest employees union in Iceland). Consulting on change management, governance matters and execution of a new strategy and structure.
IFS (treasury and rating firm). Consulting on strategic issues.
The Icelandic Chess Association. Consulting on strategic issues.
GG Optik (largest health optical retailer in Iceland). Consulting on strategic issues, with emphasize on structure and incentive system for key employees.
ZOON (retailer in outdoor clothing). Consulting on sales of equity of the firm.
Tax International. Consulting on strategic execution issues.
2011
GG Optik. Consulting on valuation of the firm, future strategy and structure of the firm, developing an incentive system for key employers.
SS. Consulting on strategic and operational issues.
Oddi Printing (market leader in the Icelandic printing market). Consulting on financial recapitalization of the firm. Board member of the firm since December 2011. Consulting on sales of equity of the firm.
Ministry for the Environment. Led a committee of various stakeholders on crafting a common understanding of utilization of Vatnajökull Glacier National Park traffic system.
KPMG. Consulting on strategic issues for the board of directors. 2009
Federation of Icelandic Trade. Crafted a new strategy and structure for the institution.
Ministry of Education. Established a situational analysis, a self-assessment process on the Icelandic colleges.
2008
Ministry of Education. Advisory report on the self-evaluation system the Icelandic colleges use.
Federation of Icelandic Trade. Advisory report on future structure.
Institute of Freshwaters Fisheries. Advisory report on future structure.
IÐAN Educational Centre. Advisory report on strategy and structure.
Reykjavik Energy. Advisory report on future structure for department of production.
INNOVA. Advisory report on future strategy and structure.
Icebank. Strategic work sessions for board and managers.
OMX Libra Soft. Strategy session with management group.
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The United Pension Fund. Strategy session with management group.
S/A Eye Surgery. Consulting on a merger with a retailer within optical industry. 2007
Vodafone. Situational analysis and structural process issues with management.
SKO retailer. Consulting on the sales process of the firm.
Ministry of Education. Advisory report on the self-evaluation system for the Icelandic colleges.
Virding Asset Management. Strategy development.
SP Financing. Strategy session with management.
BYR saving bank. Consulting on a new structure for back office.
Institute of Freshwaters Fisheries. Consulting on strategy and structure of the institution.
The United Pension Fund. Consulting on strategic issues board and management group. 2006
KPMG. Consulting on strategy and structural issues of the firm.
VISA. Consulting on new strategy.
Lífiðn Pension fund and Samvinnu Pension Fund. Consulting on the merger of the two pension funds.
Saving bank of Siglufjörður. Consulting on processes and crafting a new structure.
Icebank. Consulting on establishing corporate values for the bank.
The National Commissioner of Police. Consulting on the establishing of a new self-assessment scorecard for the police divisions around Iceland.
SP Financing. Strategy session with management. 2005
The Public Health Institute of Iceland. Situational assessment workshops with various stakeholders of the Public Health Institute.
Sjóvá Insurance. Crafting a new strategy and structure for the insurance firm, Six Sigma being the tool for implementation.
Reykjavík Energy. Consulting on crafting a new strategy for Departments of Sales and Service.
KPMG. Consulting on a new strategy and structure.
The National commissioner of Police. Establishing a self-assessment scorecard.
PWC. Work shop on strategy and structural issues for partners of the firm.
